With oil prices sinking to new lows of USD 30/bbl and GCC countries implementing new reforms, project owners in the region are expected to face another challenging year

CAPEX Q3 2015

CAPEX Q2 2015

Q2 2015 witnessed a c.67% drop in project awards from Q1 2015 due to multiple Mega Tier 1 project postponements. These projects have been pushed to the latter half of the year, and thus, H2 2015 remains slightly optimistic